Answer:
Option (1) is correct.
Explanation:
Given that,
Annual disposable income = $80,000
Marginal propensity to consume, MPC = 0.8
Autonomous consumption spending = $10,000
Therefore,
annual consumer spending:
C = a + bY
Where,
a = Autonomous consumption spending
b = Marginal propensity to consume
Y = Annual disposable income
C = $10,000 + (0.8 × $80,000)
= $10,000 + $64,000
= $74,000
Explanation:
d indirect materials used in production hope it's right
Answer:
Computing a cost rate per production is not part of activity based costing
Explanation: The cost rate per production is computed in the traditional Absorption costing to allocate the overhead costs to unit products.
Answer:
wholesaler-sponsored chain.
Explanation:
Based on the information provided within the question it seems that Millie Woods' store is part of a wholesaler-sponsored chain. This refers to the voluntary union of a large quantity of independent stores or organizations into a single chain in order to be able to compete against large organizations. Which is what Millie accomplished by signing agreements with over seventy stores to work in unison.
Answer:
1. harnessing the benefits of competition.
2. reducing trade barriers
3. regulating markets.
Explanation:
harnessing the benefit of competition
The use of competition in a market will enable consumers get the best possible prices, quantity, and quality of goods and services. competition in a market will also boost innovation allowing each firm producing similar goods to improve the quality of their products so as to gain more market share.
Reducing trade barriers
When trade barriers such as quota, embargo, tariffs are reduced in the market, it becomes easier for firms to compete with a other firms. Reduction of trade barriers will encourage more firms to enter a market that previously had a single supplier of a commodity .
Regulating market
A regulated market is a kind of market where government control the force of demand and supply like determining who is allowed to enter the market and determine what price to be charge. Markets that are natural monopolies are usually regulated to avoid exploitation of consumers
